Saturday, 28 March 2015
Last updated 13 hours ago
Apr 19 2010 | 12:45pm ET
British insurer Pension Corp. has quintupled its allocation to hedge funds and private equity as it seeks to diversify its £3.5 billion portfolio.
The firm, which insures pension liabilities, has boosted its alternative investments to £100 million, Reuters reports. Pension Corp. first invested in hedge funds and private equity funds two years ago, putting £20 million into the asset classes.
And the insurer isn’t stopping there, having set a 10% allocation to hedge funds and p.e., or £350 million.
Pension Corp. is also making a big move into property, allocating its first £100 million to the asset class.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…